[cityhantam]

The U.S. wants to Renege on China's U.S. debt? U.S. credit is going bankrupt, sell U.S. bonds Now!

Economic problems in the United States have attracted widespread attention. In addition to the two bank bankruptcies that have already occurred, the U.S. debt crisis has once again aroused public attention. According to reports from multiple U.S. media, the U.S. may face its fifth debt default. Against this backdrop, U.S. Treasury Secretary Yellen has once again shifted the blame to China. She first called on the U.S. government to pay attention to the issue of debt scale and urged Congress to approve raising the debt ceiling again, which is seen as the only way to "protect the credit of the U.S. dollar".

However, some Republican lawmakers have proposed a different solution. They believe that to avoid default, "some debts should be paid first." But Yellen strongly opposes this approach. She believes that if the U.S. "pays some debts first," then China will be the first country to be paid. The risk of this approach is "enormous," and if China receives payment from the US, U.S. veterans and retirees will not be able to receive their due funds on time, which will also be a "debt default." Obviously, Yellen's implication is that even if the U.S. has to repay the debt, China must be placed at the back. This indicates that the U.S. seems to have started to lean towards bad debt.
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[cityhantam]

美債耍花樣連擠兌都怪中國 葉倫雷蒙多一起訪中沒門了？ 新聞大白話@tvbstalk 20230322
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